Paxos Releases November PYUSD Transparency Report

According to Foresight News, Paxos has released its November PYUSD transparency report, disclosing unaudited data related to PYUSD as of 06:00 Beijing time on December 1. The report reveals that the total outstanding tokens amount to approximately $156,753,068, a decrease of about 1.3% compared to October's $158,956,937. The current market value of collateral in US Treasury repurchase agreements is $160,590,905, with a nominal position value of $157,442,000. The current market value of collateral in other cash deposits held by custodian institutions is $1,178, with a nominal position value of $1,178. The current market value of collateral in total net assets is $160,592,083, with a nominal position value of $157,443,178. US Treasury repurchase agreements are contractual arrangements between two parties, where one party agrees to sell securities to the other at a specified price and commits to repurchase the securities later at another (usually higher) specified price. If the counterparty defaults, Paxos can liquidate the US Treasury collateral to cover losses. Since all transactions are over-collateralized, the risk of loss is not considered significant.